The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AERCAP HOLDINGS NV SHS N00985106 38,026 731,126 SH   SOLE   731,126 0 0
AIR LEASE CORP CL A 00912X302 50,891 1,231,035 SH   SOLE   1,231,035 0 0
ALLY FINL INC COM 02005N100 30,891 996,819 SH   SOLE   996,819 0 0
AMERICAN RIVER BANKSHARES COM 029326105 8,368 682,581 SH   SOLE   682,581 0 0
APPLE INC COM 037833100 3,027 15,296 SH   SOLE   15,296 0 0
AXOS FINL INC COM 05465C100 13,104 480,899 SH   SOLE   480,899 0 0
BANK AMER CORP COM 060505104 33,734 1,163,234 SH   SOLE   1,163,234 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 6,147 416,496 SH   SOLE   416,496 0 0
BANNER CORP COM NEW 06652V208 939 17,349 SH   SOLE   17,349 0 0
BLACK KNIGHT INC COM 09215C105 6,164 102,472 SH   SOLE   102,472 0 0
BLACKROCK INC COM 09247X101 4,897 10,434 SH   SOLE   10,434 0 0
BRIDGE BANCORP INC COM 108035106 64,599 2,192,774 SH   SOLE   2,192,774 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 1,153 74,949 SH   SOLE   74,949 0 0
CAMDEN NATL CORP COM 133034108 14,920 325,260 SH   SOLE   325,260 0 0
CANNAE HLDGS INC COM 13765N107 3,228 111,383 SH   SOLE   111,383 0 0
CAPITAL ONE FINL CORP COM 14040H105 51,447 566,977 SH   SOLE   566,977 0 0
CAROLINA FINL CORP NEW COM 143873107 1,642 46,787 SH   SOLE   46,787 0 0
CENTERSTATE BK CORP COM 15201P109 2,185 94,878 SH   SOLE   94,878 0 0
CENTURY CMNTYS INC COM 156504300 29,344 1,104,002 SH   SOLE   1,104,002 0 0
CHEMUNG FINL CORP COM 164024101 6,523 134,930 SH   SOLE   134,930 0 0
CITIGROUP INC COM NEW 172967424 24,691 352,572 SH   SOLE   352,572 0 0
CITIZENS FINL GROUP INC COM 174610105 54,413 1,538,843 SH   SOLE   1,538,843 0 0
CODORUS VY BANCORP INC COM 192025104 4,955 215,428 SH   SOLE   215,428 0 0
COLUMBIA FINL INC COM 197641103 10 680 SH   SOLE   680 0 0
COMERICA INC COM 200340107 16,538 227,672 SH   SOLE   227,672 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 3,613 159,433 SH   SOLE   159,433 0 0
COUSINS PPTYS INC COM 222795106 133 3,665 SH   SOLE   3,665 0 0
COVENANT TRANSN GROUP INC CL A 22284P105 1,184 80,515 SH   SOLE   80,515 0 0
CUSTOMERS BANCORP INC COM 23204G100 4,946 235,545 SH   SOLE   235,545 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,327 41,002 SH   SOLE   41,002 0 0
DISCOVER FINL SVCS COM 254709108 11,634 149,948 SH   SOLE   149,948 0 0
EAGLE BANCORP INC MD COM 268948106 2,491 46,014 SH   SOLE   46,014 0 0
EAST WEST BANCORP INC COM 27579R104 23,700 506,734 SH   SOLE   506,734 0 0
ENSCO PLC SHS CLASS A G3157S106 17 1,996 SH   SOLE   1,996 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 4,179 166,158 SH   SOLE   166,158 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 13,468 334,183 SH   SOLE   334,183 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 18,020 146,883 SH   SOLE   146,883 0 0
FIFTH THIRD BANCORP COM 316773100 3,880 139,052 SH   SOLE   139,052 0 0
FIRST AMERN FINL CORP COM 31847R102 7,215 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 4,489 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 3,095 117,193 SH   SOLE   117,193 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,767 15,028 SH   SOLE   15,028 0 0
FIRST FNDTN INC COM 32026V104 14,556 1,082,999 SH   SOLE   1,082,999 0 0
FIRST UTD CORP COM 33741H107 470 23,854 SH   SOLE   23,854 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 4,036 121,797 SH   SOLE   121,797 0 0
FNB CORP PA COM 302520101 8,999 764,590 SH   SOLE   764,590 0 0
GARRETT MOTION INC COM 366505105 250 16,315 SH   SOLE   16,315 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 7,496 36,638 SH   SOLE   36,638 0 0
HERITAGE FINL CORP WASH COM 42722X106 6,816 230,738 SH   SOLE   230,738 0 0
HILLTOP HOLDINGS INC COM 432748101 3,396 159,685 SH   SOLE   159,685 0 0
HOME BANCSHARES INC COM 436893200 4,535 235,454 SH   SOLE   235,454 0 0
HONEYWELL INTL INC COM 438516106 28,484 163,150 SH   SOLE   163,150 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,277 237,128 SH   SOLE   237,128 0 0
IBERIABANK CORP COM 450828108 4,133 54,492 SH   SOLE   54,492 0 0
INDEPENDENT BK GROUP INC COM 45384B106 3,654 66,491 SH   SOLE   66,491 0 0
INVESTORS BANCORP INC NEW COM 46146L101 4,848 434,839 SH   SOLE   434,839 0 0
J ALEXANDERS HLDGS INC COM 46609J106 216 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 81,951 733,012 SH   SOLE   733,012 0 0
KEYCORP NEW COM 493267108 17,899 1,008,411 SH   SOLE   1,008,411 0 0
KINDER MORGAN INC DEL COM 49456B101 2,634 126,163 SH   SOLE   126,163 0 0
KORN FERRY COM NEW 500643200 1,718 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 4,633 294,319 SH   SOLE   294,319 0 0
LAZARD LTD SHS A G54050102 5,691 165,496 SH   SOLE   165,496 0 0
LEAR CORP COM NEW 521865204 17,787 127,718 SH   SOLE   127,718 0 0
LENNAR CORP CL A 526057104 28,318 584,362 SH   SOLE   584,362 0 0
M & T BK CORP COM 55261F104 990 5,823 SH   SOLE   5,823 0 0
M/I HOMES INC COM 55305B101 18,435 645,925 SH   SOLE   645,925 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 16,807 674,187 SH   SOLE   674,187 0 0
MASCO CORP COM 574599106 6,850 174,565 SH   SOLE   174,565 0 0
MERCHANTS BANCORP IND COM 58844R108 534 31,359 SH   SOLE   31,359 0 0
MERIDIAN CORPORATION COM 58958P104 10,093 597,243 SH   SOLE   597,243 0 0
METROPOLITAN BK HLDG CORP COM 591774104 12,990 295,229 SH   SOLE   295,229 0 0
MIDSOUTH BANCORP INC COM 598039105 19,453 1,641,562 SH   SOLE   1,641,562 0 0
MORGAN STANLEY COM NEW 617446448 16,073 366,885 SH   SOLE   366,885 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 3,917 142,017 SH   SOLE   142,017 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 5,462 101,842 SH   SOLE   101,842 0 0
OLD LINE BANCSHARES INC COM 67984M100 2,367 88,949 SH   SOLE   88,949 0 0
OLD NATL BANCORP IND COM 680033107 9,160 552,157 SH   SOLE   552,157 0 0
ON DECK CAP INC COM 682163100 6,750 1,626,546 SH   SOLE   1,626,546 0 0
ONEMAIN HLDGS INC COM 68268W103 66,926 1,979,470 SH   SOLE   1,979,470 0 0
OP BANCORP COM 67109R109 11,284 1,041,003 SH   SOLE   1,041,003 0 0
OWENS CORNING NEW COM 690742101 26,512 455,534 SH   SOLE   455,534 0 0
PACIFIC PREMIER BANCORP COM 69478X105 12,746 412,763 SH   SOLE   412,763 0 0
PACWEST BANCORP DEL COM 695263103 20,773 534,965 SH   SOLE   534,965 0 0
PARKE BANCORP INC COM 700885106 10,777 449,965 SH   SOLE   449,965 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 14,183 504,372 SH   SOLE   504,372 0 0
PENNYMAC FINL SVCS INC COM 70932M107 17,518 789,810 SH   SOLE   789,810 0 0
PEOPLES UTD FINL INC COM 712704105 5,376 320,389 SH   SOLE   320,389 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 1,797 31,269 SH   SOLE   31,269 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,362 31,778 SH   SOLE   31,778 0 0
POPULAR INC COM NEW 733174700 1,573 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 7,904 167,283 SH   SOLE   167,283 0 0
PREMIER FINL BANCORP INC COM 74050M105 3,018 201,218 SH   SOLE   201,218 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 88 300 SH Put SOLE   300 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 27 91 SH Put SOLE   91 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 129 2,406 SH Put SOLE   2,406 0 0
QCR HOLDINGS INC COM 74727A104 8,398 240,847 SH   SOLE   240,847 0 0
RBB BANCORP COM 74930B105 6,140 317,455 SH   SOLE   317,455 0 0
REGIONAL MGMT CORP COM 75902K106 37,736 1,431,015 SH   SOLE   1,431,015 0 0
REGIONS FINL CORP NEW COM 7591EP100 49,389 3,305,806 SH   SOLE   3,305,806 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 2,263 460,937 SH   SOLE   460,937 0 0
RESIDEO TECHNOLOGIES INC COM 76118y104 596 27,192 SH   SOLE   27,192 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 2,577 32,456 SH   SOLE   32,456 0 0
RYDER SYS INC COM 783549108 8,781 150,611 SH   SOLE   150,611 0 0
SANDY SPRING BANCORP INC COM 800363103 1,152 33,015 SH   SOLE   33,015 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,721 67,640 SH   SOLE   67,640 0 0
SHORE BANCSHARES INC COM 825107105 1,020 62,452 SH   SOLE   62,452 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 7,704 63,755 SH   SOLE   63,755 0 0
SVB FINL GROUP COM 78486Q101 7,617 33,917 SH   SOLE   33,917 0 0
SOUTH ST CORP COM 840441109 3,901 52,946 SH   SOLE   52,946 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 901 23,000 SH   SOLE   23,000 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 3,652 238,540 SH   SOLE   238,540 0 0
STERLING BANCORP DEL COM 85917A100 37,508 1,762,595 SH   SOLE   1,762,595 0 0
STERLING BANCORP INC COM 85917W102 9,528 955,650 SH   SOLE   955,650 0 0
SB ONE BANCORP COM 78413T103 11,368 508,617 SH   SOLE   508,617 0 0
SYNOVUS FINL CORP COM NEW 87161C501 29,683 848,085 SH   SOLE   848,085 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 15,104 720,625 SH   SOLE   720,625 0 0
FIRST LONG IS CORP COM 320734106 426 21,217 SH   SOLE   21,217 0 0
TOLL BROTHERS INC COM 889478103 4,680 127,787 SH   SOLE   127,787 0 0
TRICO BANCSHARES COM 896095106 5,216 137,982 SH   SOLE   137,982 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,682 180,165 SH   SOLE   180,165 0 0
UNITED CONTL HLDGS INC COM 910047109 1,186 13,547 SH   SOLE   13,547 0 0
US BANCORP DEL COM NEW 902973304 60,368 1,152,064 SH   SOLE   1,152,064 0 0
VALLEY NATL BANCORP COM 919794107 978 90,722 SH   SOLE   90,722 0 0
VERITEX HLDGS INC COM 923451108 2,362 91,008 SH   SOLE   91,008 0 0
WELLS FARGO CO NEW COM 949746101 61,173 1,292,749 SH   SOLE   1,292,749 0 0
WESBANCO INC COM 950810101 5,913 153,389 SH   SOLE   153,389 0 0
WESTERN ALLIANCE BANCORP COM 957638109 12,762 285,375 SH   SOLE   285,375 0 0
LYON WILLIAM HOMES CL A NEW 552074700 6,385 350,260 SH   SOLE   350,260 0 0
WINTRUST FINL CORP COM 97650W108 12,028 164,405 SH   SOLE   164,405 0 0
ZIONS BANCORPORATION N A COM 989701107 9,376 203,924 SH   SOLE   203,924 0 0